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MIDEAST STOCKS-Dubai recovers from 11-day losing streak; Saudi flat
June 28, 2019--Dubai stocks closed on a positive note on Thursday after 11 straight days of losses, while the Saudi market was flat as investors held back from taking new positions ahead of announcements of second quarter company results.
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MIDEAST STOCKS-Real estate and construction weigh on Dubai; Saudi slips
June 26, 2018--Real estate and construction companies weighed on the Dubai market on Tuesday as Drake & Scull mined new multi-year lows and Saudi stocks also slipped.
DSI shares fell ten percent for a second day running to close at 0.81 dirhams ($0.22) per share, its lowest for at least five years.
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Saudi bourse may see a correction after MSCI decision-Al Masah Capital
June 26, 2018--Saudi Arabia's stock market may witness a correction following global index compiler MSCI's decision to incorporate the Kingdom into its global emerging markets index, according to an executive at a Dubai-based asset management firm.
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MIDEAST STOCKS-Dubai hits lowest since Jan 2016 on DSI, Saudi loses momentum
June 25, 2018--Dubai stocks slumped on Monday to its lowest since January 2016, led by losses in contractor Drake & Scull, while Saudi stocks slipped after gains ahead of index compiler MSCI's move to lift Riyadh to its emerging markets benchmark.
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MIDEAST STOCKS-Saudi gains on MSCI decision, Dubai and Qatar also up
June 21, 2018--Saudi Arabian shares gained on Thursday, reflecting largely positive sentiment across the Gulf, after index provider MSCI announced overnight it would add the kingdom's stock market to its emerging markets benchmark.
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MIDEAST STOCKS-Saudi shares fall amid profit-taking ahead of MSCI decision
June 20, 2018--Saudi stocks declined on Wednesday as investors cut risk ahead of a decision from global index compiler MSCI on whether to include Saudi Arabia and its $526 billion bourse in its emerging market indexes.
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Saudi Stock Exchange Joins MSCI Emerging Market Index
June 20, 2018--Inclusion in global indices reflects continued progress of capital market reform under Vision 2030
The Saudi Stock Exchange (Tadawul) is pleased to announce today that MSCI, a leading provider of global equity indices, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" status in its Annual Market Classification Review. The Kingdom, which was also recently added to the FTSE Russell as a "Secondary Emerging' market in March 2018, will be included in MSCI's Emerging Market Index in two phases concurring with the May 2019 Semi Annual Index Review and the August 2019 Quarterly Index Review.
Dubai slips on property and banking shares, Abu Dhabi also down
June 19, 2018--Dubai's main index fell almost 1.5 percent on Tuesday as concerns over trade tensions between the United States and China ricocheted through emerging markets.
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ADX gains 81.5 points Thursday
June 14, 2018--The banks sector increased by 2.34%
The Abu Dhabi Securities Exchange's (ADX) general index rose 81.53 points, or 1.76%, to close at 4,714.73 points on Thursday.
The ADX's trading volume reached 53.6 million shares, while the market's liquidity amounted to AED 187.78 million.
Egypt amends some provisions of listing, delisting rules for EGX
June 14, 2018--The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992.
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